NCERT Important Questions Class 9 Social Science Economics
Important NCERT Extra Questions
Chapter 4 Food Security in India,
NCERT Book Extra Questions for Session 2022-2023
CBSE Board and UP Board Others state Board
Why is buffer stock created by the government?
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Purpose of Buffer Stock:
– Price Stability: Helps stabilize market prices by purchasing excess food grains during periods of surplus production to prevent sharp price declines.
– Supply Management: Acts as a strategic reserve of food grains to manage shortages during times of natural disasters, emergencies, or supply disruptions.
– Food Security: Ensures availability of food grains for distribution through welfare schemes like the Public Distribution System (PDS) and emergency relief efforts.
– Support for Farmers: Procures excess produce at Minimum Support Prices (MSP), ensuring fair remuneration for farmers and incentivizing agricultural production.
– Prevents Shortages: Acts as a buffer against shortages, guaranteeing a consistent supply of essential food items to the population.
In summary, buffer stocks created by the government serve to stabilize market prices, manage supply fluctuations, ensure food security, support farmers, and prevent shortages, playing a vital role in the country’s food management system.
Buffer stock is created to distribute food grains in t]re deficit areas and among the poorer strata of society at a price lower than the market price also known As issue price. It also helps resolve the problem of shortage of food during adverse weather conditions or during the periods of calamity.